India emerges as engine of world economy: Gaurav

Excelsior Correspondent
JAMMU, Oct 15: BJP spokesperson for Jammu & Kashmir UT, Gaurav Gupta, has acclaimed the recent remarks by IMF Managing Director Kristalina Georgieva, calling them a powerful global endorsement of Prime Minister, Narendra Modi’s visionary economic leadership.
He said the IMF Chief’s recognition of India as a “key engine of global growth” highlights India’s rise as a resilient and dynamic economic powerhouse, even as major world economies face slowdown.
Gupta highlighted that Georgieva, speaking at the IMF-World Bank annual meetings in Washington, praised India’s bold economic and structural reforms, including the digital identity revolution (Aadhaar), expansion of digital payments, rationalization of GST slabs, and comprehensive tax reforms. Georgieva stated, “India proved doubters wrong,” referring to India’s ability to implement large-scale reforms that many once thought impossible, and positioning India as a model for growth and innovation globally.
He noted the IMF’s latest projections showing India’s GDP growth at 6.5% for 2025 and 2026, in comparison with China’s projected growth of 4.8% in 2025 and 4.2% in 2026, the U.S. at 1.9% in 2025 and 2.0% in 2026, and a global average of around 3%. “While most major economies are slowing, India is growing at more than double the global average, clearly establishing itself as the engine of world growth,” he emphasized.
Gupta also highlighted that the Reserve Bank of India has projected an even higher 6.8% GDP growth for FY 2025-26, driven by strong domestic consumption, a favourable Monsoon, private sector investment, and sustained Government spending. He said this demonstrates the resilience of India’s fundamentals and the effectiveness of Modi’s reform-driven policies.
Gupta pointed out that despite rising U.S. tariffs and global trade tensions, the IMF Chief’s praise underscores the credibility and impact of India’s policies. “Even amid external headwinds, India continues to lead with stability, growth, and inclusive reforms,” he remarked.

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